Keltner Channels and EMA

Keltner Channels

Submit by ForexStrategiesResources

This is forex scalping trading system based on the Keltner Channels.

Pairs:Major

Time frame: 5M.

Spread max:0,00015.

Price: Bar Chart.

Indicators:

Keltner Channels period 40;

EMA period 8;

Long entry position: when EMA is greater than market action >= upBand;

Short entry position: when EMA is less than market action <= dnBand;

Profit exit: close out for profit at a 5-12 pips. 

Stop loss: at middle band or 9 pips loss.

In the picture below an example of the Keltner Channel indicator and EMA indicator forex scalping system in action.

Keltner channel and EMA

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For trade I recommend to choose Broker with MT4 >>